Australia Heads Towards An Apartment Drought
The Property Council is predicting an apartment supply crunch across some of the country’s largest housing markets, wh...
The suburb’s capital gain of 5.65% for the past year is higher than average compared to its 13.75% growth within a five-year period.
Also in OAKLANDS PARK, the median home price is sitting at $505,000, and the average rent at $410, this suggests property owners could potentially earn a 4.22% increase in gross rental yield.
Property investors have seen a 2.54% gain in OAKLANDS PARK based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 1.92% growth over a ten-year period. It ranks 3471st on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||5.65%||-1.09%|
|Median 3 years||9.78%||4.26%|
|Median 5 years||13.75%||5.12%|
|10 years average annual||1.92%||0.74%|
|Weekly media advert. rent||$410||$312.5|
|Time on Market||66.6 days||58.9 days|
|Gross Rental Yield Percent||4.22%||5.11%|